SME Bank Taps Paytech kevin. to Creat a One-stop-shop for Online Payment

SME Bank, a Malaysia-based bank helping small- and medium-sized enterprises, has partnered with payment infrastructure provider kevin. to create a one-stop-shop for ecommerce business owners. 

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The combined offering is a unified payment infrastructure enabling account-to-account (A2A) payments across the Baltics, payments into a single business account as well as AI-powered collateral-free revenue-based financing.

The payment collection options on offer include an Open Banking-based Payment Initiation Service (PIS) enabling instant and end-user-friendly collections from majority of consumer with an account at a bank in the European Economic Area (EEA). 

Mantvydas Štareika, CEO at SME Bank, commented: "SME Bank exists to make life easier for SME owners and we use technology, where it makes sense, to achieve that. By partnering with fintech kevin. and its open banking integrations we are combining many things that SME owners need into a single platform: fast payments, significantly reduced transaction costs and ultra-fast, AI-guided finance decisions. Our partnership will save owners time, help them grow faster, and reduce costs."

Tadas Tamošiūnas, co-founder and CEO at kevin., said: "We are delighted that SME Bank opted for our innovative and robust payment infrastructure to enable their clients to make the most out of Open Banking. Here at kevin., we are committed to driving the future of payments and are always thrilled when partners such as SME Bank join us on this mission."